Grass (GRASS) is a decentralized physical infrastructure network (DePIN) token issued on Solana (SPL token; Metaplex standard), with its on-chain contract deployed on 2024-08-03.
The Grass network lets users install a browser extension that shares unused internet bandwidth, which is then resold as web-scraping and data-access infrastructure to AI companies training models. Verified institutions pay to access this bandwidth and the resulting data.
Grass differentiates itself among DePIN tokens by monetizing idle consumer bandwidth specifically for AI-focused data access rather than general cloud compute or storage.
The network reported approximately $33 million in annualized USDC revenue in 2025 from selling this bandwidth and scraped-data access. A governance vote passed on 2026-07-07 to build infrastructure routing a share of that USDC revenue directly to GRASS stakers, tying token ownership to product revenue rather than emissions alone.
GRASS functions as a utility and reward token: users earn it by sharing bandwidth through the Grass browser extension, and it is being converted into a revenue-sharing instrument for stakers.
Following a 2026-07-07 governance vote, the network is building infrastructure to route a share of its USDC revenue to GRASS holders who stake the token, rather than paying that revenue to non-stakers.
GRASS has a fixed maximum supply of 1,000,000,000 tokens; circulating supply is approximately 677 million as of 2026-09-02, with a fully diluted valuation near $335 million.
Net emission is currently inflationary as investor and contributor tranches continue vesting toward the fixed 1 billion cap, beyond which no further minting occurs.
Grass's token generation event and "Airdrop One" occurred together on 2024-10-28, distributing 100,000,000 GRASS (10% of supply) to nearly 1.5 million wallets, reported as one of Solana's largest airdrops.
The on-chain contract was deployed earlier, on 2024-08-03, roughly two and a half months before the TGE. Predecessor entity Wynd Network raised a $3.5 million seed round led by Polychain Capital and Tribe Capital, followed by a Series A led by HackVC with participation from Polychain, Delphi Digital, Lattice, and Brevan Howard. Distribution was airdrop- and investor-allocation-based rather than a public token sale.
Grass (GRASS) is deployed as an SPL token on Solana, following the Metaplex token standard.
Solana secures the network through a combination of Proof of History, which timestamps transactions to order them efficiently, and Proof of Stake, where validators are selected to produce blocks in proportion to staked SOL. Grass does not operate a separate blockchain or validator set; its bandwidth-sharing network runs as an infrastructure layer coordinated through this Solana-based token.
Grass was founded in 2023. Its publicly identified co-founder is Andrej Radonjic, who also serves as CEO of Wynd Labs, the core contributor company developing the protocol.
Wynd Labs is the core contributor company that builds and maintains the Grass protocol, while a separate Grass Foundation stewards token, community, and governance matters.
Wynd Labs reported a headcount of 17 employees as of 2026-06-30. Grass's core product is a browser-extension-based network that channels shared user bandwidth to institutions and AI companies seeking web-scraped data access.
A governance vote passed on 2026-07-07 to build infrastructure routing a share of Grass's USDC revenue directly to GRASS stakers, who previously received none of it.
The network's annual USDC revenue was reported at approximately $33 million. Around the same cycle, an approximately $3 million USDC "Stage 2" reward distribution and a $10.25 million token unlock were reported around 2026-07-22.
Grass's most recent development priority is implementing staker revenue-sharing following the governance vote passed on 2026-07-07.
No formal third-party smart-contract audit report from a firm such as CertiK or Halborn has been found on record for Grass.
CertiK's Skynet automated monitoring platform lists a Security Score of 76.70 with a code-security sub-score of 35%, distinct from a completed manual audit. No known security incidents or exploits specific to GRASS have been identified. Structural risks include high holder concentration, with a concentration-risk indicator in the 96.9th percentile among midcap tokens, and thin on-chain liquidity relative to market capitalization.